Hi Ronbo,
Looking at the SIH11 March options ...
- expire in 8 days, 2/23
Looks like Max. damage to option holders occurs if SIH gets
below 30, knocks out 2397 calls.
Then even down to just above 27 looks like more damage.
At 27 things become iffy, so doubt would see that.
So, I estimate that SIH11 will be between 27+ and 30- on 2/23. Favoring more toward the 27+ side.
Just a view taken on Max. damage to option holders.
Lee